i know you are obsessed with wanting people to just blindly buy at any cost.. but thats the rhetoric of greedy holders wanting naive people to buy high, so that the greedy holders can sell high
the smart investor will always look to take an opportunity to buy low. because thats just smart investing
#buy-low,sell-high
sidenote:
buying low means investors get the advantage of a later rise coming soon to break even/profit..
- the higher you buy at the longer you have to wait to break even/profit
- the lower you buy at the sooner you have to wait to break even/profit
however those already holding whom want naive investors to buy high, are just greedy by wanying highly supported highs for them to sell high.
Everybody knows that the best way to maximize profit is to simply buy low and sell high but let’s be realistic what price can we consider to be bitcoin low price or what price can we consider to be bitcoin high price. I think there is no one who can perfectly predict the bitcoin price, technical or fundamental analysts can only speculate too but can’t actually get the accurate price and with that we can not call a certain price bitcoin. So if there is no guaranteed low then every price we meet bitcoin today might be the lowest we are ever going to meet it again. But there is very high percentage tendency of today’s price not ever going to be his highest high if at all you’re not here for short term.
So in that regard for me actually waiting for a particular price or low is just like gambling the opportunity of buying bitcoin at that present price that could be the lowest you will meet it again. For example bitcoin at $115k now some will be expecting a dip down to $112k but bitcoin might simply pick up from here. For someone who has bitcoin holdings already it is not that risky to chase lows but for someone without even a Satoshi it is very risky chasing lows.
It is the best reason why I think that the best method of accumulation for a new investor is simply to DCA and most probably just have extra funds aside that when you think it has dipped more you can buy more at those prices to increase quantity but to totally chase after this dip or low is way to risky
What I have noticed with new investors is that a lot of them do not actually have a problem with strategy, their real problem is discipline. You can tell someone to DCA, but if they don’t stick to whatever plan they chose, it will all falls apart…
That is why I think DCAing works so well, not because it is the perfect entry method, but because it forces you into a habit.. You do not need to think too much, you just buy on schedule… And once you build that habit, the side effect is you are less emotional about price moves.. Whether it goes up, down, or sideways, you are still adding more orders and accumulating.. In the long run, that mindset will pay off way more than trying to be the hero who always buys the bottom…